NIKE Stock Earnings Estimates Decreased by Zacks Research

by · The Cerbat Gem

NIKE, Inc. (NYSE:NKE – Free Report) – Zacks Research decreased their Q2 2027 earnings per share estimates for NIKE in a report released on Friday, October 16th. Zacks Research analyst Team now anticipates that the footwear maker will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.56. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for NIKE’s current full-year earnings is $1.26 per share. Zacks Research also issued estimates for NIKE’s Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $1.26 EPS, Q2 2028 earnings at $0.42 EPS, Q3 2028 earnings at $0.32 EPS, Q4 2028 earnings at $0.44 EPS, FY2028 earnings at $1.68 EPS and FY2029 earnings at $2.00 EPS.

Other research analysts also recently issued reports about the stock. Citigroup decreased their target price on shares of NIKE from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Oppenheimer set a $52.00 price target on shares of NIKE and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. BNP Paribas Exane set a $19.00 price objective on shares of NIKE and gave the stock an “underperform” rating in a report on Friday, October 2nd. Telsey Advisory Group set a $35.00 price objective on shares of NIKE and gave the company a “market perform” rating in a research report on Friday, October 2nd. Finally, Bank of America reissued an “underperform” rating and issued a $24.00 price objective (down from $30.00) on shares of NIKE in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have given a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $41.07.

Read Our Latest Research Report on NKE

NIKE Stock Up 0.3%

Shares of NYSE:NKE opened at $37.22 on Tuesday. The company has a market capitalization of $55.29 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09. The company has a 50 day moving average of $37.38 and a two-hundred day moving average of $41.45. NIKE has a 52-week low of $31.97 and a 52-week high of $70.44. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE – Get Free Report) last released its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. NIKE’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS.

Hedge Funds Weigh In On NIKE

Hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of NIKE by 6.8% in the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after purchasing an additional 4,052,428 shares during the last quarter. Flossbach Von Storch SE bought a new stake in shares of NIKE in the 2nd quarter worth approximately $488,714,000. Amundi lifted its stake in NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after purchasing an additional 2,406,609 shares during the last quarter. Van ECK Associates Corp lifted its stake in NIKE by 4.8% during the second quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock valued at $256,885,000 after purchasing an additional 286,395 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in NIKE by 7.3% during the first quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock worth $184,696,000 after buying an additional 237,600 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NIKE

In other news, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the sale, the insider owned 57,436 shares in the company, valued at approximately $2,415,183.80. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at $3,941,762.58. The trade was a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,974 shares of company stock valued at $600,126 in the last 90 days. 1.10% of the stock is currently owned by insiders.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, September 1st. NIKE’s dividend payout ratio is 78.85%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: One market view argues that NIKE shares are undervalued and that the company can recover from recent product-development challenges, supporting a potential long-term rebound. NKE stock wrapped its best week in 3 months
  • Positive Sentiment: NIKE’s roughly 4.4% dividend yield may attract income-focused investors, particularly because the shares trade well below their prior peak. However, the yield also reflects the stock’s significant decline and business uncertainty. Coca-Cola Yields 2.3% and Nike Yields 4.4%
  • Neutral Sentiment: NIKE shares are trading near 52-week lows, with the current price below both the 50-day and 200-day moving averages. This reflects weak sentiment but could provide valuation support if operating results stabilize. Nike Stock: Buy, Hold, or Sell?
  • Negative Sentiment: Zacks Research repeatedly lowered its earnings forecasts and reiterated a “Strong Sell” rating. Forecast EPS was cut for FY2027 from $1.69 to $1.26, FY2028 from $2.11 to $1.68, and FY2029 from $2.56 to $2.00. Quarterly estimates were also reduced, including Q2 2027 to $0.34 from $0.56 and Q3 2027 to $0.25 from $0.42. These revisions signal expectations for a slower earnings recovery and are the primary negative catalyst for NKE. Zacks Research Issues Negative Forecast for NIKE Earnings
  • Negative Sentiment: Management has indicated that sales are unlikely to increase meaningfully in the near term, reinforcing concerns about weak demand, limited product momentum, and pressure on future profits. Nike Stock: Buy, Hold, or Sell?

About NIKE

(Get Free Report)

NIKE, Inc is a global athletic footwear, apparel, equipment and accessories company headquartered near Beaverton, Oregon. The company designs, develops, markets and sells products under the Nike, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.

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